The digital banking revolution is here. So why are so few people putting their salaries into app-only bank accounts?

consumers are still hesitant about putting significant amounts of money in these accounts, and making them their primary ones. Although there are signs that this scepticism will soften over time as the technology and brands becomes more well known, but it’s clear that fintech challengers also have a way to go in convincing consumers that they are a safe, long term option for their money.


Blockchain software, which is open source, evolves through a process of forking, which occurs in response to a challenge. This is analogous to mutation, where various blockchain elements or “genes” are adjusted and then either promoted or discarded in order to alter the underlying “DNA” of the network and potentially increase its fitness. Decentralisation plays in important role because it is able to expand a fundamental niche.

The Mobile Revolution in Banking: From China to the US

The Chinese digital ecosystem “blend[s] social media, commerce and banking—all run by two of the world’s most valuable companies [Alipay and WeChat Pay]. That contrasts with the U.S., where numerous firms feast on fees from handling and processing payments. Western bankers and credit-card executives who travel to China keep returning with the same anxiety: Payments can happen cheaply and easily without them.”

Everything You Need to Know About Artificial Intelligence and Machine Learning in the Insurance Industry

The rising impact of digital technologies is well and truly providing enterprises with a huge amount of data, thus opening up various avenues to Big Data and Analytics. Analytical models can predict results, discern patterns and accentuate outliers amongst another set of business cases. By definition, insurance happens to be an industry that is predominantly built around risk & companies greatly depend on their ability to predict what risks a person, company, or organization represents. …

How the self-employed will drive the future of UK banking

The number of microbusinesses and self-employed people continues to climb steadily – despite a strong labour market and many full-time opportunities – as people embrace more flexible schedules and make use of better technologies for remote work collaboration. However, most traditional retail banks have been slow to target this group, which is generally less interested in a large branch network and dissatisfied with digital.

Coinbase Payment Processing Service Now Supports Circle’s USDC Stablecoin

Major United States-based cryptocurrency exchange Coinbase announced that its cryptocurrency payment processor Coinbase Commerce now supports Circle’s stablecoin USD Coin (USDC) in a blog post on May 20. Per the announcement, Coinbase Commerce users can now accept USDC payments with no transaction fees. The announcement specifies that “unlike accepting credit card payments, merchants can accept USD Coin without geographical limitations or the need for a traditional bank account.”

Major Swiss Stock Exchange SIX Developing Stablecoin Pegged to the Franc

Financial service provider SIX is developing a stablecoin pegged to the Swiss franc, a company spokesman confirmed to Cointelegraph on May 23. The company is also planning to launch a blockchain-powered exchange for digital tokens in the second half of 2019, but the spokesman said he was currently not at liberty to discuss further details concerning whether the stablecoin will operate on that exchange.

Banks Waking Up to Fintech Threat Throw Billions Into Digital

In a matter of years, digital banks like Revolut Ltd., Starling Bank Ltd. and Monzo Bank Ltd., all based in London, have attracted several million clients by offering perks like ultra-low-cost money transfers and pre-paid debit cards with no foreign transaction fees. Yet even though people open secondary accounts with these neo-lenders, they’re still reluctant to give them their salaries—let alone make them the main conduit for their retirement savings or mortgages. – Why Google believes machine learning is its future

Google’s mission is to organize the world’s information and make it accessible and useful. Google has made a lot of progress on the first half of that mission statement—it may have access to more data than any other company on the planet. But making the information more useful will require software that understands the information in a more sophisticated way—which is exactly what machine learning technology could do. At I/O this week, Google sent a …

Implementing artificial intelligence to drive customer value

Artificial Intelligence (AI) and Machine Learning (ML) are becoming increasingly mainstream. The reason for this is because when applied in an organisational context effectively they can significantly enhance business outcomes. Utilising data and AI at a business level to drive the overall value of the customer is very different from using it at the tactical level to optimise a channel or clicks and warrants considerable upfront planning.

TheFounder’s Handbook – IBM Blockchain

By design, Blockchain makes it easy for diverse parties to transact with one another without requiring a central authority — especially when there are varying levels of trust between them. That’s why it’s vital to create a vibrant ecosystem where participants work together to solve the same business problem.

A call for transparency and responsibility in Artificial Intelligence – Deloitte

Media coverage of artificial intelligence tends to be either euphoric or alarming. In the first variant, AI is presented as a divine technology that will solve all our problems, from curing cancer to ending global warming. In the latter, Frankenstein- or Terminator-inspired narratives depict AI as a technology that we cannot keep under control and that will be out-smarting humans in ways we cannot foresee – killing our jobs, if not threatening the survival of …

DeepMind and Google: the battle to control artificial intelligence

ONE AFTERNOON in August 2010, in a conference hall perched on the edge of San Francisco Bay, a 34-year-old Londoner called Demis Hassabis took to the stage. Walking to the podium with the deliberate gait of a man trying to control his nerves, he pursed his lips into a brief smile and began to speak: “So today I’m going to be talking about different approaches to building…” He stalled, as though just realising that he …

When Will We See The Emergence Of Digital Securities?

Tokenized securities, or a security token offerings (STOs), are one of the much-hyped advancements that could help drive blockchain adoption going forward.  While cryptocurrencies such as Bitcoin, Litecoin or XRP can be seen as “digital gold” or “digital money,” and others like Ethereum or EOS can be seen as an access key to open source computing power, tokenized securities are different. While built on similar blockchain based technologies, tokenized securities are a version of digital ownership governed by smart contracts for any variety of …

BBVA goes DIY on digital banking with Domo analytics

Multinational 186-year-old banking group BBVA wants to evolve from its legacy heritage to a digital company, by designing its tech around the needs of its customers and removing the pain points around managing money. BBVA wants to do this by empowering customers to have a do-it-yourself banking experience in which they can choose where, when and how they bank. To get this right, the bank needed a deep understanding of customer needs and desires as they change over time.